S. 2125 — A bill to amend title IV of the Employee Retirement Income Safety Act of 1974 to authorize the Pension Benefit Guaranty Corporation to extend, for not more than 18 months, the date on which the corporation first begins paying benefits under terminated multiemployer plans.

Summary

(Reported to Senate from the Committee on Human Resources with amendment, S. Rept. 95-570)

Amends the Employee Retirement Income Security Act of 1974 by deferring, until July 1, 1979, the date on and after which the Pension Benefit Guaranty Corporation (PBGC) must pay benefits in terminations of covered multiemployer pension plans.

Directs the PBGC to report to Congress on the anticipated financial condition of the termination insurance program relating to mandatory coverage of multiemployer plans.

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Legislative Actions

1977-09-21
Introduced in Senate
1977-09-21
Referred to Senate Committee on Finance.
1977-09-21
Referred to Senate Committee on Human Resources.
1977-11-01
Reported to Senate from the Committee on Human Resources with amendment, S. Rept. 95-570.
1977-11-01
Reported to Senate from the Committee on Human Resources with amendment, S. Rept. 95-570.
1977-11-01
Reported to Senate from the Committee on Finance with amendment, S. Rept. 95-570.
1977-11-01
Reported to Senate from the Committee on Finance with amendment, S. Rept. 95-570.
1977-11-03
Measure indefinitely postponed in Senate.

A bill to amend title IV of the Employee Retirement Income Safety Act of 1974 to authorize the Pension Benefit Guaranty Corporation to extend, for not more than 18 months, the date on which the corporation first begins paying benefits under terminated multiemployer plans.

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Summary

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